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Jul 25, 2011
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europe the big story. this trough across the west, big ridge across the east and that means a heat wave for moscow. temperatures here are going to be in the mid-30s, and in the middle we're going to be talking large hail, strong winds and heavy rain as the thunderstorms continue to intensify. manisha? >> ivan, thank you very much. keeping us ahead of the weather systems. much appreciated. >>> now, the debt uncertainty in the united states is sending shudders through markets around the world. that's just ahead. >>> from cnn london, i'm charles hodson. >> and i'm manisha tank at cnn hong kong. a warm welcome back to "world business today." >>> well, let's check in on european stock markets now. about one and half hours in to trading, and here's how things are looking. the -- a lot of negative factors here, disappoints results from ryanair. we're seeing the continued stale mates in washington and a downgrading of greek debt by moody's. three notches from ca to ca-1. look at the numbers off by -- sorry. i gues
europe the big story. this trough across the west, big ridge across the east and that means a heat wave for moscow. temperatures here are going to be in the mid-30s, and in the middle we're going to be talking large hail, strong winds and heavy rain as the thunderstorms continue to intensify. manisha? >> ivan, thank you very much. keeping us ahead of the weather systems. much appreciated. >>> now, the debt uncertainty in the united states is sending shudders through markets...
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Jul 1, 2011
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but smaller developers aren't big enough to do their own thing. for those smaller developers who no one's heard of, it's going to be tougher for them to defect to the web, do their own thing and hope people find them just by searching. >> that was maggie lake. >>> despite the hype and fanfare, for apple it hasn't been an easy six month. the stock fell by 3.5% in june, the worst first half performance since the financial crisis erupted in 2008. apple's great at breathing new life into its existing stable of products, but it seems as though investors are hankering after something else, new gadgets from the company. they're also worried about competition from the like of google. >>> next on the show, europe and south korea are locked in a tighter embrace as a new trade deal promises change in opportunity. for consumers and companies alike. details ahead. >>> in from -- from cnn london, welcome back. a twist in the case of dominique strauss-kahn is expected to play out in a courtroom seven hours from now. a source close to the case tells cnn that pros
but smaller developers aren't big enough to do their own thing. for those smaller developers who no one's heard of, it's going to be tougher for them to defect to the web, do their own thing and hope people find them just by searching. >> that was maggie lake. >>> despite the hype and fanfare, for apple it hasn't been an easy six month. the stock fell by 3.5% in june, the worst first half performance since the financial crisis erupted in 2008. apple's great at breathing new life...
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Jul 11, 2011
07/11
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i think the big question is will he meet prime minister david cameron. before all this blew up, david cameron and others would fly halfway around the world to see rupert mer dock. now it's the other way around. he's flown in here and is trying to save the crisis of his empire which seems to be growing every single day. t the "mirror" reporting victims of 9/11 may have been impacted by the "news of the world." and also the embattled chief executive of news international rebecca brooks had volunteered to be interviewed by the police. we don't know if and when that will happen. . but that would again move this up another notch. the big underlying question sis this. how far up the line in the company cothey go. they found e-mails from as far back as 2007 that these practices were going on. why were they only passed on in the past month. >> dan rivers joining us outside the houses of parliament in london. many thanks to you. pauline. >> charles, let's return to asia and the latest inflation and trade figures that came out recently. the latest trade figures su
i think the big question is will he meet prime minister david cameron. before all this blew up, david cameron and others would fly halfway around the world to see rupert mer dock. now it's the other way around. he's flown in here and is trying to save the crisis of his empire which seems to be growing every single day. t the "mirror" reporting victims of 9/11 may have been impacted by the "news of the world." and also the embattled chief executive of news international...
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Jul 15, 2011
07/11
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murdock is a big backer of republicans. if more momentum builds for probes, there are cautionary tales for lawmakers, reports that the tabloids sometimes turn the tables on those who investigate them. most of those accounts date back to well before this scandal ploou up in the media in recent weeks. martin moore of the media standards trust tells us when british parliamentary looked in the tabloid press a couple years ago, he heard of allegations that they were discouraged from repeatededly inviting rebecca brooks to testify. >> the allegation was they were told, members of that committee were told, do not invite her again. do not press this one, do not push it, because if you do, you'll regret it. that was made very clear. >> reporter: a news corporation spokesman would not comment on that allegation. are you concerned that they might hit back at you and dig into your personal life or whatever? >> i'm not worried about my personal life nor am i worried about my next term. i've been here 27 years. when you grow up in a pove
murdock is a big backer of republicans. if more momentum builds for probes, there are cautionary tales for lawmakers, reports that the tabloids sometimes turn the tables on those who investigate them. most of those accounts date back to well before this scandal ploou up in the media in recent weeks. martin moore of the media standards trust tells us when british parliamentary looked in the tabloid press a couple years ago, he heard of allegations that they were discouraged from repeatededly...
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Jul 13, 2011
07/11
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a lot of people have been saying it could be too big to fail. it's the world's eighth largest economy, very much in the eye of the storm. it may be too big to bail out some politicians and economists to bail out. we asked the head of pimco whether he was worried or surprised italy found itself in this situation. take a listen to what he had to say. >> surprise, no, worried, yes. surprised no, because europe has failed to get ahead of the crisis. when you fail to get ahead of the crisis, it becomes more disorderly and it spreads quickly. worried because italy is very different from greece, ireland and portugal. italy is large. italy is the third biggest issuer of debt. this marks a significant morphing of the european debt crisis. >> one positive we should mention is italy's bond auction on tuesday was rather successful. it had to sell the bonds at a 6% yield, but it did manage to do so. so investors seeing that as a note of positivity on the markets. last night italy's own prime minsters, silvio berlusconi urged politicians to show unity to pass
a lot of people have been saying it could be too big to fail. it's the world's eighth largest economy, very much in the eye of the storm. it may be too big to bail out some politicians and economists to bail out. we asked the head of pimco whether he was worried or surprised italy found itself in this situation. take a listen to what he had to say. >> surprise, no, worried, yes. surprised no, because europe has failed to get ahead of the crisis. when you fail to get ahead of the crisis,...
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Jul 18, 2011
07/11
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big business is scared. if there's a default, they're going to lose a whole lot. >> reporter: americans don't like hearing about politicians losing their tempers during negotiations. >> i understand it's difficult. my job is very difficult. i don't have the option of walking out of a meeting. that would be considered completely inappropriate. >> reporter: many americans believe the debt ceiling needs to be raised but not everybody. >> if i have a credit card with a certain limit and i'm overspending, the answer is not to increase my spending limit. >> is this going to put a greater burden on us as the american people and i just don't think it will help the situation. >> reporter: but there are eternal optimists. >> no matter what they do, we'll survive. >> reporter: a hopeful note as we head into the home stretch on the debt crisis. fe lee shah taylor, cnn, new york. >> let's go over to south africa, where david cameron, the prime minister of united kingdom will be speaking a bit later on alongside the south
big business is scared. if there's a default, they're going to lose a whole lot. >> reporter: americans don't like hearing about politicians losing their tempers during negotiations. >> i understand it's difficult. my job is very difficult. i don't have the option of walking out of a meeting. that would be considered completely inappropriate. >> reporter: many americans believe the debt ceiling needs to be raised but not everybody. >> if i have a credit card with a...
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Jul 21, 2011
07/11
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they had to have big scale for when they need it most. cloud computing allows you to use what you need when you need it. and not use what you're not needing. you don't need to pay for as much. you have flexibility. in is the attraction for cloud computing. >> a layperson looking into this. not somebody like yourself. somebody looking in and saying, every time i sync my device, i'm sending data out there. every time i download a movie. or more websites upload this stuff. there's more data out there. but it's all out there. and who can get hold of it? >> well, a couple of quick things. there's really two ways to think of the cloud. there's the private cloud, which is growing a lot. companies building their only internal architecture to cloud their i.t. to make it a public service. then, the public cloud, the googles or amazons, where the information is far away. private and public working together is where we think companies will evolve to. security, the authentication of both sides of the information. and encrypting information so when it
they had to have big scale for when they need it most. cloud computing allows you to use what you need when you need it. and not use what you're not needing. you don't need to pay for as much. you have flexibility. in is the attraction for cloud computing. >> a layperson looking into this. not somebody like yourself. somebody looking in and saying, every time i sync my device, i'm sending data out there. every time i download a movie. or more websites upload this stuff. there's more data...
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Jul 6, 2011
07/11
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it's big business. as erin mclaughlin shows us, one tour company is cashing in on potter mania. >> with a wave of her harry potter wand, this tour guide leaves a pack of moguls. >> this is platform 9, where we are now. >> reporter: the aim of the tour, to connect famous potter film clips to actual filming locations. tour companies across london are cashing in on the harry potter craze. tickets for a three-hour tour cost $40 for adults and $36 for children. but there are plenty of fans lining up to learn more about harry potter's past. the tourists are most popular among american and british tourists. so around the corner you can see the road curving around to the left. >> this family is visiting london from colorado. two full days out of their five-day following are devoted to footsteps of harry potter. >> how much are you spending on harry potter? >> i don't know. i guess $400. i guess you can say a percentage of the plane tickets. >> we all get the books when they come out. we can't wait for the other
it's big business. as erin mclaughlin shows us, one tour company is cashing in on potter mania. >> with a wave of her harry potter wand, this tour guide leaves a pack of moguls. >> this is platform 9, where we are now. >> reporter: the aim of the tour, to connect famous potter film clips to actual filming locations. tour companies across london are cashing in on the harry potter craze. tickets for a three-hour tour cost $40 for adults and $36 for children. but there are plenty...
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Jul 14, 2011
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the italians are known for being big savers. privatizations of state entities such as, for instance, the post office and the train network. pauline, we're talking about cuts here. the total package was supposed to be 52 billion just a couple of days ago. now it has risen to in excess of 79 billion euros. we'll see what happens later on today in parliament. pauline? >> yes. i've already read, nina, politicians may take a pay cut by as much as 50%. 10 we'll see what happens. this is certainly a critical time for a country with sluggish growth but high debt. >>> coming up next on "world business today," first he lost a up in and then his bid for bskyb turned to custard, turned sour. now to top it all off, rupert murdoch is under scrutiny in the u.s. we'll bring you more details on that in just a moment. active naturals wheat formulas target and help repair damage in just 3 washes. for softer, stronger... ... hair with life. [ female announcer ] nourish plus. only from aveeno. >>> from cnn hong kong and rome, this is "world business
the italians are known for being big savers. privatizations of state entities such as, for instance, the post office and the train network. pauline, we're talking about cuts here. the total package was supposed to be 52 billion just a couple of days ago. now it has risen to in excess of 79 billion euros. we'll see what happens later on today in parliament. pauline? >> yes. i've already read, nina, politicians may take a pay cut by as much as 50%. 10 we'll see what happens. this is...
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Jul 19, 2011
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big blue is entering the second century on a high note. ibm reported net income of $3.7 billion, revenue of $26.7 billion. both numbers topped last year's and ibm marked its 100th anniversary. what a way to if. >>> the news wasn't so good for cisco. the u.s. based company announced monday it will have to eliminate 6,500 jobs, that is a whopping 9% of its workforce. another 5,000 staff will be transferred in a sale of one of its businesses. >>> and a chapter ends in u.s. retail. the once huge book store chain borders is going into liquidation after failing to find a border. it's shutting its 400 store. it filed for chapter 11. >>> u.s. lawmakers try to hammer out a plan to raise the debt ceiling, raters will cut its rate if something isn't reached. moody's will say the ceiling has done little to curb spending there. the white house says that president barack obama is working to make sure there's a backup mechanism in place if the u.s. doesn't actually default on its debt. >> he continues to push for the biggest possible deal, if you will. m
big blue is entering the second century on a high note. ibm reported net income of $3.7 billion, revenue of $26.7 billion. both numbers topped last year's and ibm marked its 100th anniversary. what a way to if. >>> the news wasn't so good for cisco. the u.s. based company announced monday it will have to eliminate 6,500 jobs, that is a whopping 9% of its workforce. another 5,000 staff will be transferred in a sale of one of its businesses. >>> and a chapter ends in u.s....
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Jul 22, 2011
07/11
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these are all big names to watch. a very big reaction. and now the headline is going to be what happens with the u.s. deadline. speaking of the united states, there was plenty of relief on wall street on thursday, again, because of the news of the european debt deal. that sent investors reaching for their wallets. at the close the dow is up 15250. the s&p was up one and a third per senn. let's take a look at how the markets are going and how things are set for when trading begins on friday. that's how the futures are looking. we're looking cautiously optimistic, i would say, nina. >>> well, it's le than two weeks to go, nina, until the u.s. could default on its $14.3 trillion worth of debt. they met with president barack obama on thursday. cnn spoke with jong king about why some in the president's party are very angry. >> they held a meeting with the president here at the white house for nearly two hours. it's never terribly good that it went on that long. no one is speak publicly about it but i'm speaking with some democrats on the hill
these are all big names to watch. a very big reaction. and now the headline is going to be what happens with the u.s. deadline. speaking of the united states, there was plenty of relief on wall street on thursday, again, because of the news of the european debt deal. that sent investors reaching for their wallets. at the close the dow is up 15250. the s&p was up one and a third per senn. let's take a look at how the markets are going and how things are set for when trading begins on friday....
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Jul 12, 2011
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strong theme here is of financials, financial stocks the big banks taking big hits, pauline, on the idea the debt crisis could spread beyond greece, even as far as italy. >> we see so much concern and so much uncertainty in those numbers and on top of all of this, charles, investors are also worried about u.s. debt. there was no breakthrough at a white house meeting on monday between president barack obama and u.s. congressional leaders. at issue the president's push to raise the u.s. debt ceiling. >> i've been hearing from them that this is one of the things that's creating uncertainty and holding back investment on the part of the business community, and so what i've said to them is let's go. >> republican leaders say they won't pass a deal if it fails to include spending cuts that would offset additional debt. they're refusing to pass any deal that includes tax increases. >> american people understand that tax hikes destroy jobs and the last thing we should be doing right now at a time of 9.2% unemployment is enacting more government policies that will destroy jobs. >> treasury offici
strong theme here is of financials, financial stocks the big banks taking big hits, pauline, on the idea the debt crisis could spread beyond greece, even as far as italy. >> we see so much concern and so much uncertainty in those numbers and on top of all of this, charles, investors are also worried about u.s. debt. there was no breakthrough at a white house meeting on monday between president barack obama and u.s. congressional leaders. at issue the president's push to raise the u.s....